Since 2006, the market for solar has been driven by government subsidies, most significantly by the solar Investment Tax Credit (ITC). The ITC is a
30% tax credit for solar systems on residential and commercial properties the credit can be applied to personal income taxes. Since the ITC's enactment, the solar industry has grown by over 10,000%, hundreds of thousands of jobs have been created, and billions of dollars have been invested in the U.S. economy in the process. In 2015, the ITC was extended for a few additional years under the basis that it provides critical stability for businesses and investors.
